Forestar Group (NYSE:FOR) Stock Rating Lowered by StockNews.com

Forestar Group (NYSE:FOR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Forestar Group Stock Up 0.1 %

NYSE FOR opened at $31.33 on Friday. The stock has a fifty day moving average of $35.65 and a 200-day moving average of $32.37. The stock has a market capitalization of $1.59 billion, a P/E ratio of 7.79 and a beta of 1.71. Forestar Group has a 52 week low of $17.89 and a 52 week high of $40.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.01 and a current ratio of 1.85.

Institutional Investors Weigh In On Forestar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Forestar Group by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,026,590 shares of the oil and gas exploration company’s stock worth $67,021,000 after purchasing an additional 200,686 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Forestar Group by 110.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 261,072 shares of the oil and gas exploration company’s stock worth $7,033,000 after purchasing an additional 137,270 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Forestar Group by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,761,849 shares of the oil and gas exploration company’s stock worth $74,404,000 after purchasing an additional 90,291 shares during the last quarter. Algert Global LLC boosted its position in shares of Forestar Group by 90.5% in the 3rd quarter. Algert Global LLC now owns 180,700 shares of the oil and gas exploration company’s stock worth $4,868,000 after purchasing an additional 85,867 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Forestar Group by 4,350.4% in the 3rd quarter. Acadian Asset Management LLC now owns 67,157 shares of the oil and gas exploration company’s stock worth $1,807,000 after purchasing an additional 65,648 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.